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Crane Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Crane issued 19,200 shares in exchange for equipment. On July
Crane Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Crane issued 19,200 shares in exchange for equipment. On July 1, Crane repurchased and cancelled 10,500 shares. On October 1, 2020. Crane declared and issued a 10% stock dividend. Calculate the weighted average number of shares outstanding for Crane for the year ended December 31, 2020. (Round answer to o decimal places, eg. 5,275.) shares Weighted average number of shares outstanding
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